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8. The primary purpose of the legal reserve requirement is to: A. Ensure that bank's have enough funds to cover outstand
Posted: Fri Jul 01, 2022 7:56 am
by answerhappygod
- 8 The Primary Purpose Of The Legal Reserve Requirement Is To A Ensure That Bank S Have Enough Funds To Cover Outstand 1 (20.85 KiB) Viewed 64 times
8. The primary purpose of the legal reserve requirement is to: A. Ensure that bank's have enough funds to cover outstanding deposits. A. prevent banks from hoarding too much vault cash. B. provide a means by which the monetary authorities can influence the lending ability of commercial banks. C. prevent commercial banks from earning excess profits. D. provide a dependable source of interest income for commercial banks.